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Falling Treasury yields are helping to keep the pressure on USD/JPY

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Yields put downward pressure on the dollar

The US and China are worlds apart in sentiment at the moment but the Asian fears are starting to win out.

US 10-year yields show the change in the last 2 hours as they’ve fallen to 1.23% from 1.27%. Monday’s low was 1.2166%.

Yields put downward pressure on the dollar

With that USD/JPY has fallen through 110.00 and the 55-day moving average.

USDJPY chart
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